GROUP ML: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GROUP ML
Largest movements
- Receivables within one year +€99,331
up €99,331 (+374%), from €26,575 to €125,906
of which Trade receivables: +€81,827
- Tangible fixed assets -€17,397
down €17,397 (-19.8%), from €87,853 to €70,456
of which Land and buildings: -€10,357
- Cash +€6,159
up €6,159 (+367%), from €1,678 to €7,837
mainly Trade debts (+€79,186) and Depreciation (+€26,300)
- Intangible fixed assets -€5,910
down €5,910 (-14.3%), from €41,370 to €35,460
- Trade debts +€79,186
up €79,186 (+501%), from €15,816 to €95,002
- Reserves +€25,254
up €25,254 (+166%), from €15,240 to €40,494
- Short-term financial debts -€16,755
down €16,755 (-80.8%), from €20,725 to €3,970
- Tax, wage and social debts +€10,547
up €10,547 (+21.2%), from €49,725 to €60,272
of which Taxes: +€14,385
- Debts after one year -€9,346
down €9,346 (-26.4%), from €35,399 to €26,053
- Depreciation -€35,308
down €35,308 (-57.3%), from €61,608 to €26,300
- Gross operating margin -€24,943
down €24,943 (-15.4%), from €161,826 to €136,883
- Other operating charges -€3,690
down €3,690 (-51.2%), from €7,205 to €3,515
- Staff costs +€3,641
up €3,641 (+5.1%), from €70,741 to €74,382
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,476 | €241,809 | +€84,333 | +53.6% |
| Fixed assets | 21/28 | €129,223 | €105,916 | -€23,307 | -18.0% |
| Intangible fixed assets | 21 | €41,370 | €35,460 | -€5,910 | -14.3% |
| Tangible fixed assets | 22/27 | €87,853 | €70,456 | -€17,397 | -19.8% |
| Land and buildings | 22 | €54,048 | €43,691 | -€10,357 | -19.2% |
| Plant, machinery and equipment | 23 | €26,126 | €21,357 | -€4,769 | -18.3% |
| Furniture and vehicles | 24 | €7,679 | €5,408 | -€2,271 | -29.6% |
| Current assets | 29/58 | €28,253 | €135,893 | +€107,640 | +381% |
| Stocks and contracts in progress | 3 | - | €2,150 | +€2,150 | |
| Stocks | 30/36 | - | €2,150 | +€2,150 | |
| Amounts receivable within one year | 40/41 | €26,575 | €125,906 | +€99,331 | +374% |
| Trade receivables | 40 | €1,982 | €83,809 | +€81,827 | +4,129% |
| Other amounts receivable | 41 | €24,593 | €42,097 | +€17,504 | +71.2% |
| Cash at bank and in hand | 54/58 | €1,678 | €7,837 | +€6,159 | +367% |
| Total equity and liabilities | 10/49 | €157,476 | €241,809 | +€84,333 | +53.6% |
| Equity | 10/15 | €19,240 | €44,494 | +€25,254 | +131% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €15,240 | €40,494 | +€25,254 | +166% |
| Distributable reserves | 133 | €15,240 | €40,494 | +€25,254 | +166% |
| Amounts payable | 17/49 | €138,236 | €197,315 | +€59,079 | +42.7% |
| Amounts payable after more than one year | 17 | €35,399 | €26,053 | -€9,346 | -26.4% |
| Financial debts | 170/4 | €35,399 | €26,053 | -€9,346 | -26.4% |
| Amounts payable within one year | 42/48 | €98,112 | €171,090 | +€72,978 | +74.4% |
| Current portion of amounts payable after more than one year | 42 | €9,346 | €9,346 | = | 0.0% |
| Financial debts | 43 | €20,725 | €3,970 | -€16,755 | -80.8% |
| Credit institutions | 430/8 | €20,725 | €3,970 | -€16,755 | -80.8% |
| Trade debts | 44 | €15,816 | €95,002 | +€79,186 | +501% |
| Suppliers | 440/4 | €15,816 | €95,002 | +€79,186 | +501% |
| Taxes, remuneration and social security | 45 | €49,725 | €60,272 | +€10,547 | +21.2% |
| Taxes | 450/3 | €39,386 | €53,771 | +€14,385 | +36.5% |
| Remuneration and social security | 454/9 | €10,339 | €6,501 | -€3,838 | -37.1% |
| Other amounts payable | 47/48 | €2,500 | €2,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,725 | €172 | -€4,553 | -96.4% |
| Remuneration, social security and pensions | 62 | €70,741 | €74,382 | +€3,641 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,608 | €26,300 | -€35,308 | -57.3% |
| Other operating charges | 640/8 | €7,205 | €3,515 | -€3,690 | -51.2% |
| Gross operating margin | 9900 | €161,826 | €136,883 | -€24,943 | -15.4% |
| Operating profit (loss) | 9901 | €22,272 | €32,686 | +€10,414 | +46.8% |
| Financial charges | 65/66B | €1,782 | €2,512 | +€730 | +41.0% |
| Recurring financial charges | 65 | €1,782 | €2,512 | +€730 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €20,490 | €30,174 | +€9,684 | +47.3% |
| Income taxes | 67/77 | €5,250 | €4,920 | -€330 | -6.3% |
| Profit (loss) for the period | 9904 | €15,240 | €25,254 | +€10,014 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,240 | €25,254 | +€10,014 | +65.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.